Filing Flows › Palomar Holdings (PLMR) › Q1 2026
Palomar Holdings (PLMR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Palomar Holdings (PLMR) reported revenue of $279M for the first quarter 2026 (Q1 2026), +60% from a year earlier and +10% from the quarter before. Operating margin was 19.2%, net earnings $42.9M (15.4% of revenue).
Palomar Holdings, Q1 2026: revenue $279M (+60% year over year), operating margin 19.2%, net earnings $42.9M, operating cash flow $47.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $279M | +10% | +60% |
| Operating profit | $53.5M | -26% | -0.5% |
| Net earnings | $42.9M | -24% | +0.1% |
| Operating cash flow | $47.0M | -60% | -46% |
What changed
Revenue was $278.9M in Q1 2026, up 60% year over year and up 10% from the previous quarter.
Operating profit was $53.5M, a 19.2% margin (down 11.6 points year over year). Operating profit fell $252K even though revenue rose $104.3M versus Q1 2025, so costs grew faster than sales. Total costs grew 86% against revenue growth of 60%. Net earnings were $42.9M, roughly flat year over year. The effective tax rate was 19.7%.
Operating cash flow was $47.0M (down 46% year over year), 109% of net earnings. Non-cash charges added back $8.8M of share-based compensation. Working capital and other items used $4.7M.
Questions
What was Palomar Holdings' revenue in the first quarter 2026?
Palomar Holdings (PLMR) reported revenue of $279M for the first quarter 2026 (Q1 2026), +60% from a year earlier and +10% from the quarter before.
Was Palomar Holdings profitable in the first quarter 2026?
Operating profit was $53.5M (19.2% of revenue) and net earnings $42.9M.
Source: Palomar Holdings 10-Q on SEC EDGAR.